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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Aronoff who wrote (14733)	2/26/1998 4:51:00 PM
From: ron javate	Respond to of 29386

There is no report yet from Kinnard--I would, however, expect one soon to discuss earnings.

To: Alan Aronoff who wrote (14733)	2/26/1998 4:51:00 PM
From: Mike Fredericks	Respond to of 29386

Alan- In my experience, JB is one of those players who comes over and makes alot of statements without a good deal of substantiation. He is very famous for the "20 trading days before Interop and the subsequent zoom to <insert high dollar amount here>." At some point he said he got out of the stock and suddenly his posts ceased. He admitted to taking another position and resumed posting. I would not take too much stock in what he says until he demonstrates a better success rate with his predictions. -Mike

To: Alan Aronoff who wrote (14733)	2/27/1998 1:11:00 PM
From: JB	Read Replies (2) \| Respond to of 29386

In response to your question as to the importance of the end of the month, let me try to answer the question. Traders or Market Makers in this stock know the stock and play it accordingly. Normally at the end of the month and the middle of the month, they square up their positions. Most of the traders square up daily. It is their report card to the firm they work for as to how well they are doing. The last three days on low volume show me that they are trying to lower the price so as to cover any naked short position. I have an example for you: I had a friend on the New York Stock Exchange tell me one time about a trader who was filling in for a specialist who was sick one day. He had the specialist book with all the stops listed for buys and sells. During the day he ran the stock up and took out all the open order sells and then took the stock down and took out all the open order buys. He closed the stock unchanged at the end of the day with a hefty profit. Sounds familiar as to the recent arrests on the big board. Now if you think the Market Makers have a higher moral standard then the big board, then we should put Nasdaq on top of the mountain. As for Ancr, Monday should be a good day, both for news and it is the beginning of the month. Everyone is waiting for news to move this stock. I am still looking for the update on Kinnard.